(The Center Square) – House leaders have praised their early work on crafting a budget, but outside groups estimate the spending plan could add $25 trillion to the national debt over the next decade.
Part of the disconnect is the extension of the 2017 Tax Cuts and Jobs Acts, which Republicans view as preventing a tax hike rather than a reduction in revenue. Extending the provisions could considerably add to U.S. debt without corresponding spending cuts. The Congressional Budget Office has said it won’t pay for itself without further budget offsets. Another issues is President Donald Trump’s tariff plan, which could raise revenue, but figuring out how much remains a challenge as Trump implements some tariffs and leaves others on pause.
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